Wednesday, July 2, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home World Regional News Europe

London-based startup Perlego raises $50 million to expand its business

Femi Thomas by Femi Thomas
03/17/2022
in Europe
0 0
0
Perlego

Perlego

0
SHARES
Share on FacebookShare on Twitter
Perlego, which has been applying that concept to academic textbooks, has picked up $50 million to expand its business after seeing its platform boom through Covid-19.

The London startup currently has 400,000 paying subscribers who get all-you-can-read access to some 850,000 titles — textbooks, fiction, and other literature that students are assigned as coursework at universities and other higher-learning institutions. That catalog, the startup says, makes Perlego the largest online textbook subscription service in the world.

Mediahuis Ventures, the VC arm of European media group Mediahuis, led the round with participation also from Raine Ventures, the VC arm of Raine Group (the investment bank that’s overseeing the sale of Chelsea FC), and Evli Growth Partners.

This round, a Series B, also had angel investors, such as the two co-founders of Kahoot, Jamie Brooker, and Johan Brand, by way of their We Are Human fund; as well as backing from “strategic” publishers.

Perlego doesn’t disclose which strategics those might be from the long list of its current partners. Perlego (Latin for “I read”) works with 5,000 education publishers, including Cengage, Routledge, Cambridge University Press, Elsevier, and Harvard University Press.

The model is one that seems to be finding some interesting traction with the three sides of Perlego’s marketplace all growing especially in the last two years, at a time when online learning has taken a hold of the world in the wake of the Covid-19 pandemic.

It now has linked up with 6,000 institutions to fulfill class and course syllabi across 172 countries. Some 40% of the students that use Perlego are in the US.

In 2021, Perlego saw 450% subscriber growth, and publishers have also warmed to it: its book catalog has gone up 166% in the last year and has grown by more than 500,000 since 2019 when it was at a mere 300,000 titles.

 

Read more on Tech Gist Africa:

Doctolib, a Paris-based platform for the healthcare Raises €500 million

ChannelEngine, Dutch online marketplace integration platform Raises $50 million

Cheqroom Raises $15 million in a Series A funding round 

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Femi Thomas

Femi Thomas

Related Posts

Breega Europe
Europe

Breega, an early-stage venture capital firm based in Europe, has launched a $75 million Africa-focused fund

by Tech Gist Africa
07/02/2024
1

Breega, one of Europe's fastest-growing early stage funds, has launched its first African fund, "Breega Africa Seed I," with the...

Read more
Mon Petit Placement France

Lyon’s fintech firm Mon Petit Placement bags €6.5M

10/30/2023
Creative Force Denmark

Denmark’s Creative Force bags $8.9M

10/30/2023
Ankra Sweden

Sweden-based Ankra raises €1.1M

10/30/2023
Nortech AI Norway

Norwegian-Portuguese AI innovator Nortech AI gets €2.5M

10/30/2023
Next Post
wOS

Fitness App wOS Raises US$1.2 million

Contabilizei

Contabilizei Raises US$63 Million in a Series C round 

Kenya News Uhuru Kenyatta

President Kenyatta applauds the United Arab Emirates' plan to set up an Innovation and Entrepreneurship Centre in Kenya

No Result
View All Result

The Big 5

Blockchain

The Role of Blockchain in Enhancing Africa’s Financial Systems and Security

by Tech Gist Africa
06/30/2025
0

...

Artificial Intelligence

How Artificial Intelligence is Transforming Industries Across Africa

by Tech Gist Africa
06/23/2025
0

...

Africa startups

Kenyan Startups Invited to Apply for €100,000 develoPPP Ventures Grant

by Tech Gist Africa
06/15/2025
0

...

Neuralink Elon Musk

Neuralink Secures $650 Million in Series E Funding to Advance Brain Implant Technology

by Tech Gist Africa
06/15/2025
0

...

Telegram Grok

Telegram Scores $300 Million xAI Deal to Integrate Grok Across One Billion Users

by Tech Gist Africa
06/15/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.